1 day Ago By Defense World Staff
Commonwealth Equity Services LLC lifted its holdings in shares of Flex Ltd. ( NASDAQ:FLEX – Free Report ) by 52.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 29,802 shares of the technology company’s stock after buying an additional 10,299 shares during the period. Commonwealth Equity Services LLC’s holdings in Flex were worth $879,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also made changes to their positions in the company.
SG Americas Securities LLC boosted its position in shares of Flex by 441.6% during the second quarter. SG Americas Securities LLC now owns 47,477 shares of the technology company’s stock worth $1,400,000 after buying an additional 38,711 shares during the period.
Twin Tree Management LP raised its holdings in Flex by 29,912.0% during the first quarter. Twin Tree Management LP now owns 97,239 shares of the technology company’s stock worth $2,782,000 after purchasing an additional 96,915 shares in the last quarter.
Capstone Investment Advisors LLC bought a new stake in Flex during the first quarter worth approximately $783,000. Quantbot Technologies LP bought a new position in shares of Flex in the first quarter valued at $633,000. Finally, CWA Asset Management Group LLC increased its holdings in shares of Flex by 239.
8% in the fourth quarter. CWA Asset Management Group LLC now owns 431,474 shares of the technology company’s stock valued at $13,143,000 after buying an additional 304,486 shares in the last quarter. 94.
30% of the stock is currently owned by institutional investors and hedge funds. Flex Stock Performance Shares of NASDAQ FLEX opened at $30.85 on Wednesday.
The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 0.
75. Flex Ltd. has a one year low of $21.
84 and a one year high of $34.12. The business’s 50-day moving average price is $30.
58 and its two-hundred day moving average price is $30.01. The company has a market capitalization of $12.
30 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.74 and a beta of 1.
09. Insider Activity In related news, EVP David Scott Offer sold 10,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $32.
95, for a total value of $329,500.00. Following the completion of the sale, the executive vice president now directly owns 158,094 shares in the company, valued at $5,209,197.
30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other news, insider Kwang Hooi Tan sold 8,028 shares of the business’s stock in a transaction on Monday, July 29th.
The shares were sold at an average price of $31.78, for a total value of $255,129.84.
Following the completion of the sale, the insider now directly owns 175,468 shares in the company, valued at $5,576,373.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Also, EVP David Scott Offer sold 10,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $32.95, for a total transaction of $329,500.
00. Following the completion of the sale, the executive vice president now owns 158,094 shares of the company’s stock, valued at $5,209,197.30.
The disclosure for this sale can be found here . In the last 90 days, insiders have sold 28,028 shares of company stock worth $904,530. 0.
82% of the stock is owned by corporate insiders. Analyst Upgrades and Downgrades Several research analysts have issued reports on the company. Craig Hallum raised Flex from a “hold” rating to a “buy” rating and upped their price target for the company from $27.
00 to $39.00 in a report on Thursday, July 25th. StockNews.
com upgraded Flex from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on Flex from $32.00 to $37.
00 and gave the company a “buy” rating in a report on Thursday, July 25th. Barclays increased their price objective on Flex from $34.00 to $39.
00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on Flex from $34.
00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.
com, the company presently has a consensus rating of “Buy” and a consensus price target of $38.40. Read Our Latest Stock Report on Flex About Flex ( Free Report ) Flex Ltd.
provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.
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